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dezoksy [38]
2 years ago
15

he following standards for variable manufacturing overhead have been established for a company that makes only one product: Stan

dard hours per unit of output 8.2 hours Standard variable overhead rate $14.60 per hour The following data pertain to operations for the last month: Actual hours 2,875 hours Actual total variable manufacturing overhead cost $42,715 Actual output 150 units What is the variable overhead efficiency variance for the month
Business
1 answer:
denis23 [38]2 years ago
5 0

Answer:

See below

Explanation:

Firstly, we will calculate the standard hour

Standard hours = (Standard hours per unit × Actual output

= 8.2 × 150

= 1,230

Variable overhead efficiency variance

= Standard rate × ( Actual hours - Standard hours)

= $14.6 × (2,875 - 1,230)

= $14.6 × 1,645

= $24,017 U

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Calfee Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl
AlladinOne [14]

Answer:

$200,000

Explanation:

The computation of the ending balance in the work in process inventory account is shown below:

But before that determined the overhead rate per direct labor

Manufacturing OH estimated   $595,000  

Divide by DLH estimated 35000  

OH rate per DLH    $17  

Now

Beginning Inventory of WIP   $19,000  

Current manufacturing cost    

material                  $420,000  

Labour                   $641,000  

Manufacturing OH (33,000 × $17) $561000  

Total Manufacturing cost      $1,622,000  

Total cost of WIP       $1,641,000  

Less: Cost of goods manufactured $1,441,000  

Ending inventory of WIP        $200,000

8 0
3 years ago
An investor holds $100,000 (par value) worth of TIPS currently trading at par. The coupon rate of 4% is paid semiannually, and t
poizon [28]

Answer:

coupon payment = $2025

so correct option is A) $2,025

Explanation:

given data

par value =  $100,000

coupon rate = 4%

annual inflation rate = 2.5%  = 0.025

so Semiannual rate = \frac{0.025}{2} = 0.0125

to find out

coupon payment will the investor receive at the end of the first six months

solution

as we know principal would increase by the amount of inflation

so it will be = $100,000 ( 1 + 0.0125 )

so here coupon payment will as

coupon payment = $100,000 ( 1 + 0.0125 ) × \frac{0.04}{2}

solve it we get

coupon payment = $2025

so correct option is A) $2,025

6 0
3 years ago
In the country of 2, citizens are restricted from moving out of the strata they are born into. Also, individuals are allowed to
vlada-n [284]

Answer:

Caste system

Explanation:

The caste system is referred to as the system in which people are restricted to their own strata. it is referred to social structure in which people are bound to it and restricted to follow their own culture.

In a country like India, the caste system plays a vital role in deciding the social status of people. High caste people are assumed to have higher social status than other lower caste.

3 0
3 years ago
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $205.498 million Total Common Stock of $6.
sergey [27]

Answer:

The value of total liabilities is $155.031 million and option c is the correct answer.

Explanation:

The basic accounting equation states that the total value of assets is always equal to the sum of the total value of liabilities and the total value of equity.

Thus, we can say that,

Total Assets = Total Liabilities + Total Equity

The equity part can contain various components. In the given question it has two components namely Common Stock and retained earnings.

205.498 = Total Liabilities + (6.350 + 44.117)

205.498 = Total Liabilities + 50.467

205.498 -  50.467 = Total Liabilities

Total Liabilities = $155.031

8 0
3 years ago
What is professonal education?​
alexira [117]

Answer:" Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior."

Explanation:

7 0
2 years ago
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